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The author
provides solid techniques that work most of the time; and don’t
worry if they don’t - he makes sure that the stops are
relatively tight so you’ll be able to minimize losses.
Unfortunately, this has the unintended consequence of being
stopped out more often, even if you were right in your trade.
The 'Forex Flip
and Go' strategy was what impressed me the most about this eBook,
because it really helps day traders catch a significant slice of
the daily 80-100 pips with little risk. The Forex Runner
strategy is also very impressive considering its simplicity and
how it’s still able to minimize losses and ensure larger
winners.
The
three strategies covered are outlined very clearly for you to
understand, and after digesting everything taught within it,
you’ll find that every bit of the three strategies makes sense,
even to the most inexperienced trader.
Bad Points?
The concepts
within this eBook are well-written and quite easy to understand.
However if you’re just starting out in Forex trading then the
technical jargon used in the eBook may intimidate you.
Now, this is
where I have to provide the obligatory caveat emptor to
those of you considering on purchasing this eBook: Most of the
techniques listed within this eBook would require you to sit and
monitor price movements during the trading day, and so if you’re
someone who doesn’t do this for a living or someone who doesn’t
have the time to watch the market, these techniques probably
would not work for you.
Summary
Considering the
steep price point, I would have expected for this eBook to have
incorporated more universal techniques, ones that can be used by
practically anyone, even those who don't have the time to sit in
front of the computer all day. The lack of such universal
techniques makes this eBook a slightly disappointing purchase,
considering there are cheaper and more comprehensive guides out
there in the market.
However, if
you are able (and willing) to sit in front of your trading
terminal and watch the market, this may be a good choice for
you.
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Forex Trading Machine
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